Difference between revisions of "Coinweb (CWEB)"

From CryptoWiki

(Created page with " ==Basics== *Based in: *Started in / Announced on: *Testnet release: *Mainnet release: ==History== ==Audits & Exploits== *Bug bounty program can be found [insert here]. ===Bugs/Exploits=== ==Governance== ===Admin Keys=== ===DAO=== ===Notable Governance Votes=== ===Treasury=== ==Token== ===Launch=== ===Token Allocation=== ===Inflation=== ===Utility=== ====Burns==== ===Other Details=== ==Coin Distribution== ==Technology== *Whitepaper or docs can...")
 
 
Line 1: Line 1:
"[https://coinweb.io/files/Coinweb-Brochure-Token2049.pdf Coinweb Labs] is a boutique incubation environment built on top of the Coinweb Layer 2 cross-chain computation platform"


==Basics==
==Basics==
*Based in:
*Based in: ''"offices in London, Bangkok, Kyiv, and Barcelona"'' ([https://coinweb.io/position/fraud-detection-manager/ 17-8-2023])
*Started in / Announced on:
*Started in / Announced on: [https://coinweb.io/files/Tokenomics.pdf 2018]
*[[Testnet]] release:
*[[Testnet]] release:
*[[Mainnet]] release:
*[[Mainnet]] release:
Line 17: Line 18:
===Launch===
===Launch===
===Token Allocation===
===Token Allocation===
* [https://coinweb.io/files/Tokenomics.pdf 21.9%] is for [[mining]], public sale 0.3%, rest if founders, company and investors. Mining goes to stakers, so basically them again.
''"Seed round vesting over 24 months, Private / Strategic rounds over 12 months, Company over 36 months, all with no lock up period."''
===Inflation===
===Inflation===
* They [https://coinweb.io/files/Tokenomics.pdf changed] it from at first (27-11-2021) being maximum 10% instead of it being increasable.
''"Mining reserve release starts 2022H2 max 10% of balance pr. year."''
* From their [https://medium.com/@Coinweb.io/guide-to-staking-cweb-8032b11599b1 Staking guide] (28-4-2022):
''"The Staking Program rewards start at 15% per annum, '''increasable''' by participating in further staking opportunities known as “Booster Windows” as yet to be announced by the team in anticipated monthly intervals."''
===Utility===
===Utility===
* [https://twitter.com/CoinwebOfficial/status/1689483812550672384 From] their Twitter (10-8-2023):
''“What is the utility of $CWEB when [[Decentralized Applications (DApps)|dApps]]/users utilise our [[Gas]] Fee Abstraction for transactions? For these, fees are determined like [[Layer Two|L2]] gas and broadcaster fees. But when executed by Tokenization Block, tokens are converted to CWEB to cover these fees.”''
====Burns====
====Burns====
===Other Details===
===Other Details===
==Coin Distribution==
==Coin Distribution==
* About 36% of the total supply is circulating, [https://etherscan.io/token/tokenholderchart/0x505b5eda5e25a67e1c24a2bf1a527ed9eb88bf04 64%] is locked in 1 wallet (17-8-2023).
==Technology==
==Technology==
*[[Whitepaper]] or docs can be found [insert here].
*[[Whitepaper]] or docs can be found [insert here].
Line 28: Line 51:
*Algorithm:
*Algorithm:
*[[Virtual Machine (VM)|Virtual Machine]]:
*[[Virtual Machine (VM)|Virtual Machine]]:
*Development language used:
*Development language used: [[WASM]] ([https://twitter.com/CoinwebOfficial/status/1690760934103433216?s=20 13-8-2023]).
====Transaction Details====
====Transaction Details====
*Capacity ([[TPS]]):
*Capacity ([[TPS]]):
Line 36: Line 59:
===Upgrades===
===Upgrades===
===Staking===
===Staking===
* From their staking [https://staking.coinweb.io/ dashboard] (17-8-2023):
''"To qualify for staking, up to 10% of the staked funds will be moved to Coinweb [[Layer Two|Layer 2]] as staking collateral. Staking rewards will be available at the completion of the pre-mainnet epoch H2 2023."''
* From their [https://medium.com/@Coinweb.io/guide-to-staking-cweb-8032b11599b1 Staking guide] (28-4-2022):
''"There is no minimum amount that is required to participate in the Staking Rewards program. A maximum limit has not been established as of the time of this writing. Collateral, however, is required when staking amounts above 10,000 CWEB*."''
====Validator Stats====
====Validator Stats====
* [https://staking.coinweb.io/ Says] there is ~334M staked by 785 stakers (17-8-2023). Which would come down to 10% of the [https://www.coingecko.com/en/coins/coinweb circulating supply].
===Liquidity Mining===
===Liquidity Mining===
===Scaling===
===Scaling===
Line 54: Line 89:
==Team, Funding and Partners==
==Team, Funding and Partners==
===Team===
===Team===
*Full team can be found [here].
*Full team can be found [https://coinweb.io/team/ here].  
===Funding===
===Funding===


Line 60: Line 95:


===Partners===
===Partners===
* [https://coinweb.io/files/Coinweb-Brochure-Token2049.pdf Mentions] (22-11-2022) [[OnRamp]] as a sister company.
==(:==
==(:==
Knowledge empowers all and will help us get closer to the [[decentralised|decentralized]] world we all want to live in!
Knowledge empowers all and will help us get closer to the [[decentralised|decentralized]] world we all want to live in!

Latest revision as of 10:00, 17 August 2023

"Coinweb Labs is a boutique incubation environment built on top of the Coinweb Layer 2 cross-chain computation platform"

Basics

  • Based in: "offices in London, Bangkok, Kyiv, and Barcelona" (17-8-2023)
  • Started in / Announced on: 2018
  • Testnet release:
  • Mainnet release:

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Notable Governance Votes

Treasury

Token

Launch

Token Allocation

  • 21.9% is for mining, public sale 0.3%, rest if founders, company and investors. Mining goes to stakers, so basically them again.

"Seed round vesting over 24 months, Private / Strategic rounds over 12 months, Company over 36 months, all with no lock up period."

Inflation

  • They changed it from at first (27-11-2021) being maximum 10% instead of it being increasable.

"Mining reserve release starts 2022H2 max 10% of balance pr. year."

"The Staking Program rewards start at 15% per annum, increasable by participating in further staking opportunities known as “Booster Windows” as yet to be announced by the team in anticipated monthly intervals."

Utility

  • From their Twitter (10-8-2023):

“What is the utility of $CWEB when dApps/users utilise our Gas Fee Abstraction for transactions? For these, fees are determined like L2 gas and broadcaster fees. But when executed by Tokenization Block, tokens are converted to CWEB to cover these fees.”

Burns

Other Details

Coin Distribution

  • About 36% of the total supply is circulating, 64% is locked in 1 wallet (17-8-2023).

Technology

Transaction Details

How it works

Fees

Upgrades

Staking

"To qualify for staking, up to 10% of the staked funds will be moved to Coinweb Layer 2 as staking collateral. Staking rewards will be available at the completion of the pre-mainnet epoch H2 2023."

"There is no minimum amount that is required to participate in the Staking Rewards program. A maximum limit has not been established as of the time of this writing. Collateral, however, is required when staking amounts above 10,000 CWEB*."

Validator Stats

  • Says there is ~334M staked by 785 stakers (17-8-2023). Which would come down to 10% of the circulating supply.

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Revenue

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found here.

Funding

Partners

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

Retrieved from "https://cryptowiki.me/index.php?title=Coinweb_(CWEB)&oldid=19728"